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27.07.2015
History is being made here in Panama, and I feel fortunate to be part of it - Eli Izhakoff
eli_izhakoff_x.jpgEli Izhakoff, Chairman, World Jewelry Hub, Panama and Founding Chairman, Panama Diamond Exchange is also an Honorary Lifetime President of a host of Global organisations like World Federation of Diamond Bourses, World Diamond Council, CIBJO, the World Jewellery Confederation, Diamond Dealers Club of NY,Diamond Industry Steering Committee and Bangkok Diamond and Precious Stones Exchange. Here, Eli Izhakoff talks to Rough&Polished about the issues being faced by the global diamond industry currently; and about the WJH, he is more than confident by proclaiming “History is being made here in Panama.”

20.07.2015
DTZ-OZGEO is steadily increasing production and exploration
bornwell_mupaya_x.jpgDTZ-OZGEO discovered a diamond field in Chimanimani, Zimbabwe in 2010 where it is currently mining diamonds. After the superficial weathered rock was mined and processed, the company’s operation is now focused on the diamond-bearing conglomerate being developed by way of drilling and blasting. Bornwell Mupaya, Deputy Managing Director of DTZ-OZGEO is narrating about his company’s achievements during two decades of its existence in his interview to Rough & Polished.

13.07.2015
As the demand for polished diamonds is not picking up, the rough supply situation is comfortable in India - Vipul Shah
vipul_shah_x.jpgVipul Shah, is the CEO & MD of Asian Star Co. Ltd., a market leader in the Indian gem and jewellery industry. The present gloomy scenario in the global diamond industry is a worrisome factor on everybody’s mind. Not surprising that the Indian Industry is hard hit as well, with multiple challenges to tackle. However, the Indian diamond industry, which is known for its resilience has weathered many a storm in the past. But, how is it planning to survive this onslaught, which is bigger than anything it has faced till now? Vipul Shah answers ROUGH&POLISHED here, with great élan.





Belgium Diamond Trade Suffered Declines in 2012

15.01.2013

Belgium's polished diamond trade suffered from a 9.8 percent decline in exports in 2012 as trade in December plunged, within IDEX Online's forecast. Along with the decline in exports is a decline in imports and trade by volume.
Belgium exported $13.21 billion worth of polished diamonds in 2012, a decline from the $14.64 billion worth of polished exported in 2011, according to figures published by the AWDC.
The volume of exports dropped 18 percent to 6.95 million carats.
Imports during the year declined 8.1 percent to $12.9 billion and the volume of imports 17.2 percent to 7.44 million carats.
Throughout the year, export trends in 2012 were similar to 2011, with one noticeable difference at the end of the year. In December 2012 exports declined sharply, underscoring the difficulties jewelry retailers faced.
 In December, Belgium exported 534,667 carats valued at $997.9 million, dropping 18.9 percent in volume and 17.6 percent in value.
Imports during the month fell even more, plunging 29.4 percent to $774.8 million as the volume dropped 37 percent to 405,883 carats.
According to a recent report by IDEX Online, a surprising last minute rise in Belgium's rough diamond exports may signal a hopeful outlook on the part of manufacturers, but did not prevent an overall decline in trade for 2012.
Belgium exported $13.51 billion worth of rough diamonds in 2012, a 6.3 percent decline compared to 2011, according to figures published by the AWDC.
The volume of exports declined 2.5 percent to 104.4 million carats.
Antwerp witnessed a 3.9 percent decline in the average value of overall goods in 2012. However, this paints just a partial picture. After rising from the start of the year until May, prices of rough declined during the summer months. In November traders hiked prices, but that was unsustainable and in December prices declined again.
Rough diamond imports of $12.25 billion in 2012 declined 8.8 percent compared to 2011. The volume of imports also declined, falling 10.7 percent to 6.7 million carats.
In December, rough exports leaped 33.5 percent from November to $1.39 billion. Year-over-year this was a 16.9 percent increase. One possible explanation is a belief on the part of traders that demand for polished will improve in 2013, and started stocking up on rough.
Imports during the month fell 15.5 percent from November, but increased 12.7 percent from 2011, totaling $929.8 million.

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